Why is Nandan Denim falling/rising?

As of 20-Aug, Nandan Denim Ltd's stock price is currently at 3.42, reflecting a decrease of 0.04, or 1.16%. The stock has underperformed its sector by 1.72% today and has been on a consecutive decline for the last two days, resulting in a total drop of 1.44% during this period. Over the past week, the stock has shown a modest gain of 0.59%, but it has significantly underperformed over the longer term, with a 9.28% decline over the past month and a staggering 29.63% drop year-to-date. Despite some positive indicators such as a healthy growth rate in net sales and operating profit, the stock's performance is hampered by poor management efficiency, low profitability metrics, and a high debt-to-EBITDA ratio, which raises concerns about its ability to service debt.
In the broader market context, the Sensex has increased by 1.64% over the past week, contrasting with Nandan Denim's recent performance. The stock's long-term returns have also lagged behind the benchmark, with a 27.20% decline over the past year compared to the Sensex's modest gain of 1.31%. While there has been an increase in institutional investor participation, which may indicate some confidence in the company's fundamentals, the overall negative sentiment surrounding its financial health and performance metrics continues to weigh heavily on the stock's price.